Feeds

Google doubles down on Q2 profit

Investors not moved

SANS - Survey on application security programs

The time when Google doubling profits year-over-year impressed investors has passed. The ad broker-cum-search engine today reported a surge in second quarter profits to $721m from $343m in the same period last year. As a reward, investors sent Google's shares higher a paltry one per cent in the after-hours markets.

But it's not all ho-hummery in hypeville. Even those with the highest of expectations have to be impressed with Google 77 per cent rise in second quarter revenue to $2.46bn. "Google grew at an impressive pace during a seasonally slower quarter," said Eric Schmidt, Google's CEO. "We continue to deliver valuable new products and services to users around the world through our partnerships and investments in our business. Our strong performance results from our clear focus on increasing the quality of user experience, particularly in search and ads."

To reach its impressive revenue total, Google did have to shell out $785m in traffic acquisition costs (TAC), which amounts to 32 per cent of revenue. In the same quarter last year, Google reported TAC of $494m or 36 per cent of revenue.

Google exited the quarter with $9.8bn in cash, leaving it with plenty of money to buy colored balls for its 8,000 staff. ®

High performance access to file storage

More from The Register

next story
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.